Shoppers across UK see spending power increase again, topping pre-COVID numbers
Families across the UK are doing better financially than they were prior to the COVID-19 pandemic, according to a new report released by supermarket chain Asda. Households from London to Scotland and the East Midlands are enjoying a double-digit growth in disposable income as inflation continues to remain low at 1.7%. In fact, Asda’s quarterly […]
Shoppers still seeking deals as grocery inflation rises for first time since March 2023
Grocery inflation increased slightly during the four-week period leading up to 4 August, but experts at Kantar International say it is not significant enough to spark concern. Though the jump from 1.6% to 1.8% marks the first time in nearly 18 months that grocery inflation has risen, the current rate is close to levels seen […]
Easing of grocery inflation emboldens UK shoppers, but will it continue under Starmer?
Grocery market inflation in the UK has tumbled to 1.6%, the lowest level it has been in nearly three years, according to newly released data from Kantar Worldpanel. That easing has helped spur on foot traffic to supermarkets. In the past month, consumers have increased their trips to shops by 2% and spent more on […]
Asda: All UK supermarket shoppers are seeing income gains, but one group is still struggling
Consumers have more spending power at grocery stores than last year, thanks to rising income levels decelerating inflation. In fact, Asda’s most recent Income Tracker showed that average families are earning £31.33 per week more than they did a year ago. Their take-home pay, a more than 15% boost year over year, is the best […]
Across the pond, companies struggling to get shoppers to purchase brand-name produce
Produce brands not only have fierce competition from other brands, but also from private-label fruit and vegetables. In the last two years, inflation has impacted the cost of produce, further challenging brand-named produce. Companies need to fully understand the impact of inflation on consumers, and what they are looking for in their products to convince […]
Changing behaviours among consumers could have deep impact on companies through 2024
How does the consumer products sector respond to the new financial realities faced by their customers? To find out, AlixPartners conducted an in-depth consumer priorities study, The Critical Consumer 2024, across the Europe, Middle East and Africa (EMEA) region. More than 10,000 shoppers from France, Germany, Italy, Saudi Arabia, Switzerland, UAE and the UK, were […]
Why 13.13 is a positive number for British consumers and the grocery stores they shop
How lucky is the number 13? Well, for British consumers – beset by inflation, a pandemic and ‘less-is-more’ offerings from retailers and restaurants since 2019 – as long as it isn’t negative, it must be good news. Indeed it is. The latest data presented by Asda in its Income Tracker, shows that family spending power […]
Will this season be a ‘Jingle hell’ for grocery retailers or a reason to celebrate?
High food inflation is expected to continue impacting consumers and retailers through the end of the year, according to new research from AlixPartners. Though UK shoppers are expected to spend £131 billion during the final weeks of November through the Christmas period for a 4% projected jump in retail sales, inflation will lead to a […]
